Ecologic released a think piece addressing the need to invest in building renovation through the EU Recovery and Resilience Facility. It is aimed to provide a basis for discussion between stakeholders and policy makers.
Why focusing on building sector?
In this paper, Ecologic use the case for earrking a minimum share of the Recovery Resilience Facility to finance in-depth building renovations. These funds should be allocated in function of the building sector’s share of total GHG emissions, in line with the EU’s green recovery commitments and the requirement to spend 37 % of the Recovery and Resilience Facility grants and loans on climate-related investments.
First, this think piece addresses the question “Why buildings are a linchpin for climate action and a green recovery?” and then suggests benchmarks for Recovery Resilience Facility funding to go to building renovation.